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You are here: Homepage > Press Room > Press Releases 2013 > Poland Sign Tax Information Exchange Agreement

The Cayman Islands and Poland signed a tax information exchange agreement (TIEA) on Friday, 29 November, in London. Minister of Financial Services Wayne Panton, right, and Polish Ambassador His Excellency Witold Sobkow signed the TIEA on behalf of their governments.

Published 29th November 2013, 9:0am

George Town, Grand Cayman – The Cayman Islands and Poland today signed a tax information exchange agreement (TIEA), in support of global transparency and tax initiatives.

Signing the agreement were Cayman’s Minister of Financial Services, Wayne Panton; and Poland’s Ambassador, His Excellency Witold Sobkow. The signing was held in London, as Cayman officials were there to participate in the Joint Ministerial Council of Overseas Territories of the United Kingdom.

‘Today’s signing indicates our countries’ confidence that TIEAs are effective in the fight against financial crimes, including money laundering and tax evasion’, Minister Panton said.

He also reaffirmed the need for globally accepted and promoted standards, such as those set by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes. ‘The concept of fairness in global business is possible, once critical mass has been achieved in the number of countries that practice them’, Minister Panton noted.

With this signing, Cayman now has agreements with 33 countries.

To review the TIEA between Cayman and Poland, visit http://tia.gov.ky/pdf/Agreement_-_Poland_-_29_November_2013.pdf.

 

For more information, please contact the Financial Services Secretariat at (345) 945-5819 or via email at financepr@gov.ky.